Accenture Acquires Big Data, Artificial Intelligence (AI) Consultancy ALBERT

Accenture acquires Japanese big data and consulting firm AI ALBERT after completing bidding. The auction started on September 29th and closed on the 14th of November. The number of ALBERT shares and the right to purchase shares to be auctioned off to Accenture exceeds the level that requires ALBERT to be part of Accenture, equivalent to two-thirds of ALBERT shares. Accenture expects to buy all the remaining shares and franchises in the coming months after which ALBERT will be delisted from the Tokyo Stock Exchange, the company said.

This is the M&A technology agreement 957 that ChannelE2E has covered so far in 2022.

Accenture Gets ALBERT

Accenture was founded in 1989 and is headquartered in Dublin, Ireland and has more than 70 locations around the world. The company has 710,000 employees registered on LinkedIn. Accenture’s expertise includes management consulting, system integration and technology, external business processes, and external software and infrastructure.

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ALBERT was established in 2005 and is based in Japan and has 250 employees. The company provides AI services and big data analytics, AI-based algorithm development, AI implementation consulting and data science training support to large corporations in Japan.

The acquisition will add a large team of data scientists to Accenture to further enhance data and AI capabilities for customers, the company said. ALBERT Data Science team of 250 permanent employees and contractors will be involved in Accenture Intelligence implementation, which provides AI and data-driven transformation solutions and services.

Atsushi Egawa, Accenture, Japan

Atsushi Egawa, Accenture’s business manager in Japan, said:

“Companies today need a 360-degree view of their business to make better and faster decisions. They must look beyond finance and include, for example, sustainable initiatives, customer experience and human development and training. Accenture and ALBERT team will bring these things to the customers to help them succeed in this business. “Rebuilding their total enterprise.”

Takeshi Matsumoto, President and CEO of ALBERT, said:

“ALBERT’s philosophy is to connect the world with data science and together create new values ​​for a better future. As leading companies across industries are investing heavily in AI, we are seeing an increasing demand for the technology and skills that are at the core of our business. By partnering with Accenture, which specializes in addressing the most complex opportunities and problems of its customers, our team can drive greater value for customers and accelerate the implementation of AI in society.

Accenture M&A Activity

Accenture estimates it will spend about $ 2.5 billion on the company’s acquisition in fiscal year 2022, which ended on August 31, 2022. Already in fiscal 2023, Accenture acquired insurance technology consulting firm Blackcomb, a Word Class Manufacturing (WCM) business and defense business in automotive and consumer aerospace, The Beacon Group, Fortune 500 growth strategy consultants, management consultants. Supply chains, MacGregor Partners, Climate Change and Sustainability, Carbon Intelligence Consultants and Oracle Inspirage Supply Chain Management Consultants. You can see the full list of Accenture ChannelE2E acquisitions tracked here.

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